Lowe’s Companies, Inc. (NYSE:LOW) Declares $1.20 Quarterly Dividend

Lowe’s Companies, Inc. (NYSE:LOW) announced a quarterly dividend on Thursday, March 19th. Investors of record on Wednesday, April 22nd will be given a dividend of 1.20 per share by the home improvement retailer on Wednesday, May 6th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 22nd.

Lowe’s Companies has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 53 consecutive years. Lowe’s Companies has a dividend payout ratio of 36.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lowe’s Companies to earn $12.54 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 38.3%.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $229.33 on Friday. Lowe’s Companies has a 1-year low of $206.38 and a 1-year high of $293.06. The stock has a market cap of $128.64 billion, a P/E ratio of 19.35, a P/E/G ratio of 5.02 and a beta of 0.98. The firm has a fifty day moving average price of $267.35 and a 200 day moving average price of $253.54.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The business had revenue of $20.58 billion during the quarter, compared to analysts’ expectations of $20.34 billion. During the same period in the prior year, the company earned $1.93 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Sell-side analysts expect that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

Insider Buying and Selling at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the transaction, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. This trade represents a 7.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Swiss RE Ltd. acquired a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $25,000. Howard Hughes Medical Institute acquired a new stake in Lowe’s Companies in the second quarter valued at $27,000. Wilkerson Advisory Group LLC acquired a new stake in Lowe’s Companies in the fourth quarter valued at $27,000. Activest Wealth Management increased its position in shares of Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 51 shares in the last quarter. Finally, OLD Second National Bank of Aurora increased its position in shares of Lowe’s Companies by 52.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 42 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.